Question
Micron Technology bonds currently sell for $1,225 and have a par value of $1,000. They pay a $105 annual coupon and have a 15 year
Micron Technology bonds currently sell for $1,225 and have a par value of $1,000. They pay a $105 annual coupon and have a 15 year maturity , but they can be called in 5 years at $1,100. What is their yield to call (YTC). Please round answer 2 decimal places.
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Introduction To Financial Management
Authors: Sudanshu Pandeya
1st Edition
1774695316, 978-1774695319
